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7.2. HRSR 09-08-2020
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7.2. HRSR 09-08-2020
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9/4/2020 11:08:15 AM
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9/4/2020 11:06:49 AM
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City Government
type
HRSR
date
9/8/2020
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VI. ATTACHMENTS CHECKLIST <br /> Please attach the following. <br /> A) Residential Loan Program <br /> 1. Site Information <br /> 2. Site Valuation <br /> 3. Maps and Site Features <br /> 4. Hisfor <br /> 5. Current Conditions <br /> B� Cost Analysis <br /> C) Sources and Uses of Funds <br /> D) Analysis of Loan Need <br /> E) Financial Statements <br /> 1 Three Years of Personal Tax Retum-Personal Financial Statement <br /> 2. Details of Existing Debt Agreements -- Formatted:Space After: 10 pt,Don't add space between <br /> paragraphs of the same style,Line spacing: Multiple 1.15li, <br /> 3.8neearslMost Current Federal Tax Returns Adjust space between Latin and Asian text,Adjust space <br /> 2. Def?As of Existing Debt Agyeefitettfs between Asian text and numbers <br /> H) Letter of Commitment from Applicant Pledging to Complete <br /> During the Proposed Project Duration <br /> I) Letter of Commitment from the Other Sources of Financing, <br /> Stating Terms and Conditions of their Participation in <br /> Project <br /> ]) Application Fee of$500 plus legal and any other out-of-pocket costs incurred by <br /> the HRA <br /> K)Inspection report by an appropriate local government which identifies that <br /> the property is cited for one or more enforceable housing,maintenance,or <br /> building code violations. <br /> (L)If the applicant is a builder,builder's financial capability statement(a statement <br /> from a financial institution indicating willingness,with standard contingencies,to provide <br /> sufficient construction capital to complete the project. . <br /> three major suppliers,atte beittg the eottsttuetie)tt stipplier,attd(iii)Builditig ittspeetors fte) <br /> two cities v4iefe the Builder has constructed new housing-,vithin the past three year S;0 <br /> positive e3q)erience working with the Elk-River HRA(as determined by HIR-4 <br /> } <br /> 11 <br /> 498470v2 JSB EL185-13 <br />
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